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Not sure what they would lower the AS to if they RSed I am sure they know to low can be bad but yet if they went low they could have a little room to convert some more. The 850 million AS should be capped out by this summer especially if Iliad converts another couple batches. BETS
So Iliad can't be paid in cash? I am not sure what you mean by Summit? I said it as it is written and you are posting nothing different then what I already wrote so explain in detail please where I am wrong? Because I have no clue what you are saying now? BETS
I would agree. I feel BETS is a solid company with a bright future. But it will take some bullcrap before it gets there and the RS is very likely IMO. I am all for it then BETS can be debt free mostly and positive cash flow then off to the races! BETS
No not end of world. I am just understanding what BETS is doing to bring value to the PPS. IMO it is a get rid of debt then RS and then trade stronger then ever before with new shareholders and leaving behind these OTC flippers because they won't be able to afford the PPS. BETS
I never said BETS is garbage the company is solid and has a solid future. So them AS decreasing and maxing out and RSing now is smart IMO especially if they want to trade on a higher tier. It would only make sense for a company like BETS to want to get recognized and trade on a higher tier. This is why I am not comparing it to some pump and dump with no chance. BETS has a chance after all the conversion and the RS a great chance to be a multi dollar stock that way IMO BETS
LOL yes I understand again Eli. The company borrowed money and not they have to pay the piper and they don't have cash flow. I understand how that works thanks! BETS
LOL not sure how that makes anyone feel any better IMO. Just because they can't convert to July paints a worse picture IMO. It seems like endless dilution. Especially since Iliad will convert for 4 more months then right when Iliad done Summit will start. That is horrible IMO BETS
Again it is not me making the PPS underwater it is the company diluting the crap out of the AS that is destroying the PPS. Wether I post or not the PPS will drop IMO. LMAO BETS
Not to mention it is $37.5 not $37 and it will be more then 40 Million shares as the PPS low today already went to .0013 not .0014 BETS
Iliad won't convert till April 1st. So expect more shares IMO BETS
Sorry to say those Toxic convertors don't accept cash and everyone knew that.The company PRing like they are trying to pay debt in cash is deceptive nonsense. Iliad and Summit are the only ones that may possibly accept cash instead of shares. BETS
Also every one knew the toxic convertors would not take cash offering so the company pretending in PR they offered Toxic lenders cash is just plain silly and misleading IMO. We know Iliad is the only company that may take cash instead of shares. But truthfully with Iliads past come up on making a massive amount on there conversions I am curious to see what Ilaid does. BETS
Yes I know Eli the company has not given me much confidence on there discretion. This is why a few post ago I said we have no clue how the company will deal with the money they take from the line of credit. As we have been PRed they have already taken advanced money from Summit. So again the AS decrease bullcrap and current OS is not adding up especially with Iliad still in the picture. BETS
I would buy BETS again but not at this PPS and I own shares of BETS I will never recover money on so me posting is not hurting the PPS the company diluting is so aim your upset nature at the company not me IMO BETS
I am the only person being realistic about a declining PPS on a stock that has dropped dropped and dropped more since it has been in existence. Because the company went from 42 million OS to 600 million OS in less then one year most taking place in the last 4 or 5 months. So not sure what good you would have to say about a pump and dump IMO BETS
Like I said Iliad will take at least another 4 months of over 200 million shares at this PPS. Summit is a hole other story. As we are not sure how they will convert yet. Only an idea from the S1 filing. We will see. Currently at the 600 million OS Ilaid would pretty much max out the AS if they lower it to 850 million. So things are not adding up. If the S1 takes 6 months things are really not adding up? BETS
Well there AS reduction to 850 million is not adding up IMO BETS so the bet would be strong in favor of RS IMO BETS
If they issue small amounts of shares they don't need to be filed right away. Selling has not been that heavy so not like 100s of millions of shares available. I am thinking maybe 5-10 million shares max to a sellers maybe more then one. Because volume has been low and selling pressure has not been heavy. Even the next fins may not have info we need about this because if it just happened the info will be on the filing after this one coming. However I need to go over old filings to see if any old notes are due around this time. If company is acquiring other companies and paying off debt with cash they will spend off there cash reserve quickly meaning some amount dilution would have to take plus IMO but minuscule dilution also IMO OCLG
All good? Iliad has 4 more months of $37.5 K to convert at current PPS that is 50 million shares each batch at least so just Iliad alone is 200-250 million shares to convert. Summit has old note and a new S1 being filed the old note we are not sure about when they are converting. The new Summit note reserves 200 million shares for there line of credit. So the S1 everyone is waiting for opens up the door for Summit to start converting on the new loans. Not sure what is good about all that? BETS
You mean before the AS reduction then max then RS. 600 million OS now Iliad converts next month we are looking at another 50-60 million shares add on. That puts it at about 650 million then they need to reserve 200 million shares for Summit maxing out the AS. I will bet Summit starts converting quickly when that S1 gets approved and they just max it out and get it over with this way when they RS they won't have much debt and they can maintain the RS PPS IMO BETS
Now all they have to do is issue a PR Iliad is paid for next month and they won't be converting the $37.5K come April 1st. That may give the shareholders a little more confidence. However if Iliad does convert and they still plan to lower the AS you can bet an RS is in the making so the S1 should complete the AS maxing out then they RS the bad boy to get on the OTCQB. BETS
To bad no one really cares as they have issued plenty of PRs of this nature and they all fail to move the PPS upward. So not sure what you expect of this news. Not sure if the S1 will be a blessing or a nightmare I am sure everyone will see. BETS
We have an acquisition coming so could be a number of things that could cause a few shares to be issued IMO OCLG
Who knows. Shares can be given for all sorts of reasons. Like I said maybe no new shares issued maybe just float growing.
LOL ok I am not familiar with that trading strategy as I have plenty of cash to buy whatever I want. The benefits to buying OCLG here is getting it at its bottom so you make more when it goes up. I don't like to buy on the way up. As a matter of fact majority of my OTC plays are 52 week low stocks. But hey whatever. I am still not getting exactly what you are saying but hey to each his own. OCLG
People claiming to be selling shares into the bid make little sense when the ask would be slapped much higher without a problem. So I just am not listening to bad trading advice. When I sell into the bid I plan on loading much lower and I don't see anyone selling at 62 being able to rebuy lower then 62 so plain ignorant IMO. OCLG
The time will come when the push up and ask slapping will make a difference. Now is the time to sit back and relax. Enjoy the calm before the storm I agree. OCLG
I feel everything is on track. The email I got from the company was exactly what was in the past PR. So no reason for me to feel things are not going as planned. Only possible seller here is some sort of dilution weather it be an old holder increasing the float or a note holder being paid and converted. Either way I don't expect the selling to be to heavy as it has not the past couple weeks. It is probably a small amount considering the CEO has done everything he could to avoid dilution so I am assuming it will be tiny in the grand scheme of things. OCLG
Wonderful!!! DUDE RETAIL!! OCLG
Again the volume has sucked to say the least. Any fool jumping in here expecting a quick move would be a novice to say the least. Everyone loading here at this PPS knows exactly why they are loading. this stock has had very little hype behind it so not like a ton of people looking to jump in for some big bang. For the PPS volume sucks at OCLG and the reason being is the trading float must be tiny so it is volatile. That being another reason only seasoned traders can make money here at OCLG.
Dude MMs are MMs in this day and age. Very few represent one. It may be the float growing and not the OS either way there is a seller that could care less about shares and PPS so this is why I am saying dilution. But believe what you want. I have invested in penny stocks long enough to know how selling and buying works. OCLG
Either way I don't care. But does not seem retail to me like everyone suggesting. Volume is low and has been low so any retail jumping in expecting some blast off would be silly IMO. So that said I don't fell it is retail. Nothing to be impatient about. Anyone and everyone knows this has acquisition and fins coming. So I am not buying the retail exit stuff. It is a seller and they are selling shares they have no want to hold onto this is screaming dilution and like I said I am fine with that as I feel it is minuscule dilution. The OS maybe not even growing maybe the float is just getting larger either way. MMs and people claiming to know who every MM represents is nonsense. I have seen NITE dilute stocks so I am not listening to retail nonsense. OCLG
These are not impatient traders LOL. This is some form of dilution IMO OCLG
LOL are you on the bid hoping to fill? I am about to take these 64s I don't think the will be available next week. OCLG
Not sure about that. I am not unhappy to see a seller. The good thing is the shares are being accumulated nicely. Small amount of dilution leading to an acquisition is fine. Filings should give us a more accurate OS and Float. We are barely 3 weeks away and those weeks will go by quickly. I am hoping seller dries up before fins come so we have a stronger move upward. OCLG
Yes and dilution will cause a retail sell off everyone knows this. The only spark to life for BETS is if it sees a new 52 week low. Then demand will come back IMO and everyone smart that has been with BETS for some time knows this IMO. BETS
Not to mention I know when you bought this as I have seen your posts. So I know where you stand. If you are not a flipper then you are underwater deep. BETS
I don't short this man. Nor do I want to buy it here. Just adding some insight to the fascinating conversation here. Someone forgot to recognize the PPS of BETS has only gone down down and more down for the past year and a new 52 week low is more likely to happen then a PPS spike IMO. It is actually becoming a bit comical to me to believe any other way BETS
Yes seller not done yet I am assuming. But that will not last long IMO $OCLG
Unless a heavy seller shows up I highly doubt that. But hey I am all about loading at that price so I hope it does. But by looks of it that is not going to happen. Smart buyers have eaten up an sellers. $OCLG